Scila AB Announces Erste Group Goes Live with Advanced Trade Surveillance Solution

Stockholm and Vienna – 27 September 2024

Scila AB, the Stockholm-based leading independent provider of trade surveillance, risk management and anti-money laundering (AML) technology has announced that Erste Group, a major European financial institution, has successfully implemented Scila Surveillance.

Scila Surveillance is a powerful and versatile trade surveillance cloud-based solution designed for comprehensive monitoring of global trading activities across multiple asset classes across the globe.

Scila Surveillance targets at bringing significant advantage in upholding market integrity, mitigating financial crime risks, and ensuring regulatory compliance to its clients.

“Scila is delighted to partner with Erste Group. Scila Surveillance, designed for the dynamic nature of modern capital markets, will equip Erste Group with advanced tools to effectively safeguard market integrity and investor protection.", says Mikko Andersson, Chief Executive Officer at Scila AB.

“We are very positive to partner with Scila because its Trade Surveillance Solution combines a wide range of functionalities, which fits to our approach to manage Compliance risk very prudently by leveraging on modern technology.“, says Iris Bujatti, Chief Compliance Officer of Erste Group Bank AG.

For more information, please contact:
 

Scila AB

Lars Gräns Rodhe
Chief Revenue Officer (CRO)
Email: lars.grans@scila.se

Erste Group

Martin Sonn-Wende
Spokesperson
Email: martin.sonn-wende@erstegroup.com

Scila AB Scila provides advanced solutions for trade surveillance, anti-money laundering and risk management. The company Scila was founded early 2008. All of the founders have a background either from surveillance departments or working with high-throughput transactional technology within the financial industry. Throughout the rapid growth of the Scila company a strong focus has been maintained on the recruitment of top-talent.

This solid base of superior domain and technology knowledge has been combined with a strategy of independence from any market participant and no reliance on external capital. This very deliberate strategy gave Scila both the focus and freedom to develop innovative products that deliver true value to the customer.

For additional information about Scila AB, please visit www.scila.se

Erste Group is the leading financial services provider in the eastern part of the EU. Its ca. 45,000 employees serve 16.4 million customers in around 2,000 branches in 7 countries (Austria, Czechia, Slovakia, Romania, Hungary, Croatia, and Serbia). For the first half of 2024, Erste Group had 344 billion euros in total assets, posted a net profit of 1.6 bn euros, and had a common equity tier 1 ratio (pro forma) of 15.5%.